Fraud, particularly wire fraud and fraud related to payment processing, is a growing issues for the industry. Jonathan Fairtlough, managing director for cybersecurity at Kroll, a corporate investigations and risk consulting firm, says: “I think you will see an increase in the number of breach investigations where the attack vectors are identified as coming from a home system.”

Fraud, particularly wire fraud and fraud related to payment processing, is a growing issues for the industry. Jonathan Fairtlough, managing director for cybersecurity at Kroll, a corporate investigations and risk consulting firm, says: “I think you will see an increase in the number of breach investigations where the attack vectors are identified as coming from a home system.”

Strong technical controls combined with end-user education can make a world of difference in mitigating its impact, says David Shaw, chief security officer at AppFolio, a property management software. For example, AppFolio uses multi-factor authentication to prevent account takeover attacks and also provides a way to securely share wire instructions.

Lockdowns, which have forced an unprecedented number of professionals to work from home, open up a whole new attack vector, according to Michael Cutlip, CEO of Authoriti, a New York City-based provider of solutions to prevent identity theft and misuse of consumer data. “Most companies today have a remote workforce, but just the number of remote workers has changed because of COVID-19, so a lot of adjustments need to be performed to account for that new increase of usage.”

Data theft is increasingly common across all industries. As the world moves toward a more networked, cloud-based reality, more and more data is stored online. However, some organizations focus so heavily on customer acquisition and revenue generation, they fail to properly protect their customers' data...